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GlobeNewsWire
15 days ago
TWG Announces Entry into of a Material Definitive Agreement for the Acquisition of Wine Authentication and Tracking System and Wine Trading Business
Hong Kong, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (NASDAQ: TWG) (“Top Wealth” or the “Company”), today announced the entry into of a material definitive agreement to acquire Airentity International Limited, a wine trading group (the “Target Company and, together with its wholly-owned subsidiary “Airentity Technology Limited, the “Target Group”) engaged in the development and commercialization of a wine authentication and tracking system (“WATS”) and wine trading businesses in the Asia Pacific Region. The acquisition of the Target Group, professionally valued at approximately US$125 million, is a strategic move to diversify and strengthen the Company's offerings in the beverage sector, complementing the Company's existing premium caviar business. The Target Company, owned by Winwin Development Group Limited, Happy Harbour International Limited, Dragon Cloud International Limited, TangEkanaya Limited, Darson Enterprise Limited and Chung Tat, Lo (collectively, the “Vendors”), as to 60.00%, 8.00%, 7.80%, 8.00%, 8.00% and 8.20%, respectively, underscores a strong alignment of interests.